Sovereign debt and the financial crisis : will this time be different?

edited by Carlos A. Primo Braga, Gallina A. Vincelette

The financial crisis of 2008 has rekindled interest in sovereign debt crises among policy makers and scholars. History shows that lending booms typically end in busts, with the beneficiaries of debt in the upswing often forced to default or reschedule their debts in the downswing (Sturzenegger and Zettelmeyer 2006). The impact of the first financial crisis of the 21st century on capital flows to developing countries and the signs of stress in debt markets of several European countries in the first half of 2010 raise the inevitable question, Are author about to witness a new generation of sovereign debt crises? This book addresses this question. It adopts an integrated approach by drawing on both theoretical research and experience from professionals involved in technical assistance in this area. It documents recent improvements in macroeconomic policies and debt management practices, which to a large extent explain the resilience of developing and emerging economies, and identifies challenges ahead and areas that require special attention from policy makers.

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Year of publication:	c2011
Other Persons:	Braga, Carlos Alberto Primo (contributor) ; Vincelette, Gallina Andronova (contributor)
Publisher:	Washington, D.C : World Bank
Subject:	Finanzkrise \| Financial crisis \| Öffentliche Schulden \| Public debt \| Welt \| World \| Internationale Staatsschulden \| International sovereign debt \| Schuldenmanagement \| Debt management \| Entwicklungsländer \| Developing countries
Description of contents:	Table of Contents [external.dandelon.com]

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Extent:	Online-Ressource (xxvi, 496 p) ill
Type of publication:	Book / Working Paper
Language:	English
Notes:	Includes bibliographical references and index A new wave of sovereign debt crises?The sovereign debt crisis that was not / Daniel Cohen and Cécile Valadier -- Unpleasant surprises : determinants and risks of sovereign default / Luca Bandiera, Jesis Crespo Cuaresma, and Gallina A. Vincelette -- Finding the tipping point : when sovereign debt turns bad / Mehmet Caner, Thomas Grennes, and Fritzi Koehler-Geib -- Determinants of emerging market sovereign bond spreads? / Dimitri Bellas, Michael G. Papaioannou, and Iva Petrova -- Sovereign debt distress and corporate spillover impacts / Mansoor Dailami -- The effects of the crisis on debt -- Debt sustainability and debt distress in the wake of the ongoing financial crisis : the case of ida-only african countries / Leonardo Hernssndez and Boris Gamarra -- Do middle-income countries still have the ability to deal with the global -- Financial crisis? / Ralph Van Doorn, Vivek Suri, and Sudarshan Gooptu -- Small states, the financial crisis, and the aftermath / Edgardo Favaro, Dorte Dmeland, William G. O'Boyle, and Tihomir Stucka -- Europe's crisis : origins and policy challenges / Edgardo Favaro, Ying Li, Juan Pradelli, and Ralph Van Doorn -- Debt restructuring mechanisms : lessons and beyond -- Avoiding avoidable debt crises : lessons from recent defaults / Yuefen Li, Rodrigo Olivares-Caminal, and Ugo Panizza -- Managing subnational credit and default risks / Lili Liu and Michael Waibel -- Restructuring sovereign debts with private sector creditors : theory and practice / Mark L.J. Wright -- A standing arbitral tribunal as a procedural solution for sovereign debt restructurings / Christoph G. Paulus -- International lending of last resort and sovereign debt restructuring / Eduardo Fernssndez-Arias -- Managing public debt in crises : how experiences differ -- Managing public debt and its financial stability implications / Udaibir S. Das, Michael Papaioannou, Guilherme Pedras, Jay Surti, and Faisal Ahmed -- Public debt management in emerging market economies : has this time been different? / Phillip R.D. Anderson, Anderson Caputo Silva, and Antonio Velandia-Rubiano -- Crisis preparedness and debt management in low-income countries : strengthening institutions and policy frameworks / Dana Weist, Eriko Togo, Abha Prasad, and -- William o'boyle -- Public debt management and sovereign risk during the worst financial crisis on record : experiences and lessons from the oecd area / Hans J. Blommestein. Electronic reproduction; Available via World Wide Web
ISBN:	0-8213-8483-X ; 978-0-8213-8483-1 ; 0-8213-8543-7 ; 978-0-8213-8543-2
Other identifiers:	hdl:10986/2534 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012550384